Archive | VA Mortgage

An Idaho VA Mortgage home loan is the preferred loan program for active, non-active, Reserve, National Guard, and retired military of the armed forces because there is no down payment needed and no private monthly mortgage insurance required. An Boise, Idaho VA home mortgage can be used to purchase a home or refinance an existing […]

VA mortgage loans allow you to refinance your home to take advantage of lower interest rates that can ultimately save you sizable sums of money in both the long-run and the short-run by lowering your monthly payment.

A VA loan pre-approval letter is a document granted by a VA mortgage lender that states that based on preliminary information such as the potential borrower’s credit, assets, and income, that they qualify for a VA loan of a specified amount.

DD 214 forms are required of veterans when applying for a VA mortgage loan, and, unfortunately, are commonly misplaced over time. The good news is that losing or misplacing it is an easily remedied problem!

Many veterans today are wondering whether or not they can get a VA loan if they have recently been through a foreclosure. Fortunately, the VA qualifying guidelines do allow for veterans and military personnel to qualify for a VA loan after a foreclosure, but with some restrictions.

If you’re wondering whether or not you can get a VA loan after a recent bankruptcy, you’re not alone. With the recent economic recession just barely behind us, many veterans and military personnel are now in the position of looking for a new mortgage after having gone through a bankruptcy.

In order to apply for a VA loan you will need a Certificate of Eligibility, or COE for short. There are different steps required to receive a Certificate of Eligibility depending on your personal situation and branch of the military.

Rick & Jane May

Hi, we are Rick & Jane May and we are mortgage consultants in the Boise, Idaho area and I specialize in Idaho FHA Reverse Mortgages, Idaho First Time Home Buyer Loans, Idaho FHA Streamline Refinances, Idaho 100% VA Loans. Our goal with this Idaho mortgage blog is to educate and inform our clients about the various loan programs available on the market today. Feel free to look at our Mortgage Calculator Idaho